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(a) The restrictions on disclosure and use of confidential consumer information, and the requirement for notification, disclosure, and opportunity for the consumer to either direct that the confidential consumer information not be disclosed or provided prior written consent, as provided in this Article, do not apply to any person or entity that meets paragraph (1) or (2) except when confidential consumer information is or will be shared with an affiliate or nonaffiliated third party.
(1) The person or entity is licensed in one or both of the following categories and is acting within the scope of the respective license:
(A) As an insurance producer licensed pursuant to Chapter 5 (commencing with Section 1621), Chapter 6 (commencing with Section 1760), or Chapter 8 (commencing with Section 1831) of Division 1 of the Insurance Code.
(B) Is duly licensed to sell securities.
(2) The person or entity meets the requirements in paragraph (1) and has a written contractual agreement with another person or entity described in paragraph (1) and the contract clearly and explicitly includes the following:
(A) The rights and obligations between the licensees arising out of the business relationship relating to insurance or securities transactions.
(B) An explicit limitation on the use of confidential consumer information about a consumer to transactions authorized by the contract and permitted pursuant to this Article.
(C) A requirement that transactions specified in the contract fall within the scope of activities permitted by the licenses of the parties.
(b) The restrictions on disclosure and use of confidential consumer information, and the requirement for notification and disclosure provided in this Article, shall not limit the ability of insurance producers and brokers to respond to written or electronic, including telephone, requests from consumers seeking price quotes on insurance products and services.
(Added by Ord. 237-02, File No. 021339, App. 12/20/2002)